Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $176.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target raised by TD Cowen from $148.00 to $176.00 in a research report report published on Wednesday, MarketBeat.com reports. The firm currently has a sell rating on the transportation company’s stock.

A number of other equities research analysts have also weighed in on the company. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Stifel Nicolaus upped their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. UBS Group raised their price target on Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Susquehanna lifted their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Bank of America boosted their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $168.78.

Expeditors International of Washington Stock Up 0.1%

Shares of Expeditors International of Washington stock opened at $178.79 on Wednesday. The company’s fifty day simple moving average is $168.51 and its two-hundred day simple moving average is $157.04. Expeditors International of Washington has a 12-month low of $112.94 and a 12-month high of $187.74. The firm has a market cap of $23.38 billion, a PE ratio of 31.26, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The firm’s revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 EPS. As a group, sell-side analysts expect that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expeditors International of Washington

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $28,000. DV Equities LLC bought a new stake in Expeditors International of Washington during the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC bought a new stake in Expeditors International of Washington during the fourth quarter worth about $30,000. Bard Associates Inc. purchased a new stake in Expeditors International of Washington in the fourth quarter worth about $32,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Expeditors International of Washington by 132.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 131 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.